Ideal Homes Foundation Inc

NORMAN, OK EIN: 73-1594602 Website

Ideal Homes Foundation Inc is a corporate foundation based in Norman, Oklahoma, established in 2000. The foundation is classified as a 501(c)(3) organization and operates as a private foundation with a primary focus on educational scholarships and supporting charitable organizations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$953K

+16.4% YoY

Annual Giving

$57K

-83.6% YoY

Grant Count

-9.1% YoY

Avg Grant Size

$2K

-81.9% YoY

Under IRS private-foundation payout rules, Ideal Homes Foundation Inc reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation primarily funds educational scholarships to support the purposes of charitable organizations. Key funding areas include:

Education
Philanthropy, Voluntarism & Grantmaking
Professional Societies & Associations

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Oklahoma, Kansas, and Texas, with a particular emphasis on the Norman, Oklahoma area.

Grant Distribution by State

Oklahoma $814K (93%)

Kansas $23K (3%)

Idaho $14K (2%)

Tennessee $8K (1%)

Missouri $4K (0%)

Kentucky $4K (0%)

Texas $3K (0%)

West Virginia $2K (0%)

+2 more states

States

Arizona Colorado Idaho Kansas Kentucky Missouri Oklahoma Tennessee Texas West Virginia

Cities

AdaBethanyCampbellsvilleDallasEdmondFortworthGunnisonKansas CityLangstonLawtonLindsborkManhattanMcphersonMiamiMidwest CityMorgantownNormanNorman OkOklahoma CityOkmulgee

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total Assets: $952,879
Total Revenue: $262,463
Total Expenses: $129,744
Net Income: $132,719
Total Liabilities: $3,040

Revenue Breakdown (2024):

Contributions Received: $15,000
Net Rental Income: $24,030
Net Gain from Sale of Non-Inventory Assets: $153,672

As of December 2023:

Total Assets: $818,619
Total Revenue: $592,107
Total Expenses: $419,697

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$952,879	$818,619	$646,209
Revenue	$262,463	$592,107	$630,819
Expenses	$129,744	$419,697	$416,702
Qualifying Distributions	$57,350	$348,900	$352,750
Net Investment Income	$24,030	$25,826	$25,656
Distributable Amount	$69,210	$66,680	$60,309

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

167 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Erika Ochoa ($4,000), David Fisher ($4,000), Susan Morren ($3,400).

Recipient	Purpose	Amount
ADDYSON LINDSEY EDMOND, OK	EDUCATIONAL SCHOLARSHIP	$2,400
BLAKE SANDERS SHAWNEE, OK	EDUCATIONAL SCHOLARSHIP	$1,000
DELANEY SCORSONE STILLWATER, OK	EDUCATIONAL SCHOLARSHIP	$2,700
ELLY REX REXBURG, ID	EDUCATIONAL SCHOLARSHIP	$2,000
ERIKA OCHOA EDMOND, OK	EDUCATIONAL SCHOLARSHIP	$4,000
MADISON GALLAGHER MANHATTAN, KS	EDUCATIONAL SCHOLARSHIP	$2,700
REBECCA MORREN NORMAN, OK	EDUCATIONAL SCHOLARSHIP	$1,300
TIMOTHY WHITEHEAD OKMULGEE, OK	EDUCATIONAL SCHOLARSHIP	$1,750
DAVID FISHER REXBURG, ID	EDUCATIONAL SCHOLARSHIP	$4,000
KARSON LEYLAND STILLWATER, OK	EDUCATIONAL SCHOLARSHIP	$1,300

Leadership & Key People

Leadership team and compensation from IRS filings

Vernon McKown is identified as Co-Founder and CEO of Ideal Homes & Neighborhoods, the company associated with the foundation. Ronda McKown serves as outreach ministry for Ideal Homes & Neighborhoods and is involved in philanthropic efforts.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GENE MCKOWN	DIRECTOR	—	—
VERNON MCKOWN	DIRECTOR	—	—
S JAREE STAMBECK	DIRECTOR	—	—

Recent News & Activity

Recent developments and announcements

The foundation has been actively involved in community initiatives through its parent company, Ideal Homes & Neighborhoods. Notable projects include:

The Ideal Foundation has opened its next nonprofit grant cycle application

**Mary Abbott House Renovation:** Ideal Homes & Neighborhoods provided funding and coordinated a bathroom renovation at the Mary Abbott Children's House, a shelter for abused children in Norman, Oklahoma.

**Crossroads Youth & Family Services:** Ideal Homes & Neighborhoods partnered with the United Way of Norman for a Day of Caring, with more than 30 company employees volunteering their time.

Frequently Asked Questions

What does Ideal Homes Foundation Inc fund?

The foundation primarily funds educational scholarships to support the purposes of charitable organizations. Key funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Professional Societies & Associations

How do I apply for a grant from Ideal Homes Foundation Inc?

**Grant Activity:** • The foundation awarded 36 grants in 2023 • Recent notable grant: $300,000 to Food and Shelter in Norman, Oklahoma (2023) • Typical award range: $250–$300,000 **Financial Giving:** • Total giving in 2024: $57,350 • Total giving in 2023: $319,500

Where does Ideal Homes Foundation Inc make grants?

The foundation primarily funds organizations in Oklahoma, Kansas, and Texas, with a particular emphasis on the Norman, Oklahoma area.

What size grants does Ideal Homes Foundation Inc award?

In 2024, Ideal Homes Foundation Inc awarded 30 grants totaling $57K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Ideal Homes Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ideal Homes Foundation Inc reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.